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     8 years ago 

    mining rewards have 2 components:

    1. Network Reward (new bitcoins created by network)
    2. Transaction fees. (User paid transaction feeds).
      Eventually network reward will be zero, but transaction fees will still remain.
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       8 years ago 

      Thanks @boxmining, still a little confused as to why users will pay fees to mine something that is empty, would that then not turn it into a ponzi type scheme?. Will do some research to find out more.

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         8 years ago 
        1. Users pay a transaction everytime they send bitcoin . It's like when you pay money for a bank transfer.
        2. Miners ( the accountants of the network) RECEIVE the transaction fee.
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           8 years ago 

          I see, they will then have to change their business model to become another crypto-wallet like Exodus, Multi-bit etc....

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             8 years ago 

            why they are the bitbank and offering legal tender as it is :D it's the normal way into and out of crypto. It's really like the crypto bank.

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